Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Brown & Brown earnings jump in first quarter

Reprints

DAYTONA BEACH, Fla.--Brown & Brown Inc. reported double-digit revenue and income growth for the first quarter of 2007, the Daytona Beach, Fla.-based brokerage said late Monday.

Revenues were up 12.1% to $258.5 million, while net income improved 19.4% to $59.7 million. Nearly half of its profit increase in the quarter came from the sale of approximately 50% of its long-term investment in Rock-Tenn Co. at a pretax gain of $8.8 million, Brown & Brown said.

Since the beginning of the year, the brokerage has completed 10 acquisitions with total annualized revenues of approximately $46.1 million, Jim W. Henderson, vice chairman and chief operating officer, said in a statement.